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$154,900

1515 Nw 1st Ave, Mineral Wells, TX, 76067

PendingInfo
Beds2 Beds
Baths1 Bath
Baths1,036 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$149.52 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Half 1Bathrooms Half 1
AppliancesDishwasher, Electric Range, Microwave
FlooringCeramic Tile, Laminate

Exterior

Lot Size8,015 sqft

Building Information

Year Built1950

Land Information

APN209390000
Lot Number4
SubdivisionS&Bn
Land UseResidential
Legal DescriptionS&BN BLK 12 LOT 4 G#S0600-00-00120-004-00-0
Census Tract000500
Assessed Land Value$23,280
Assessed Improvement Value$119,230
Assessment Year2025

About this property

Welcome to this charming 2-bedroom, 1-bath bungalow that perfectly blends timeless character with modern updates. Renovated in 2022, this adorable 1950s home offers peace of mind with a new roof, windows, electrical, HVAC system, water heater, and extensive cosmetic updates throughout. From the inviting covered front porch with original columns to the mature trees that frame the property, this home is full of curb appeal. Inside, you'll find a bright and welcoming floor plan enhanced by recessed lighting throughout. The beautifully updated kitchen features stainless steel appliances, refinished cabinetry, quartz countertops, and stylish gold hardware, making it as functional as it is beautiful. Both bedrooms offer comfortable living spaces, while the updated bathroom showcases modern finishes. Step outside to enjoy the spacious backyard, complete with a deck overlooking plenty of room for kids, pets, gardening, or entertaining. Full of charm, character, and thoughtful updates, this move-in-ready bungalow is one you won't want to miss. Welcome home!

Investor Tools

Property Icon
$168,000
Estimated Property Value
$123,000Estimated Mortgage Balance
$53,383Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,008 /month
Positive
Cash Flow Estimate:
$336 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$313/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,918
$142,510
2025
$23,280
$119,230
$142,510
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,918
$142,510

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
V I P Mortgage Inc
Conventional
$123,000
No
First
Nov 17, 2022
Jan 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$114,617
$40,383
26%
68%
$738/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Mineral Wells

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1515 Nw 1st Ave | Property Details | No Agent List